Canadian Financial Close: C$ weakens Thursday

Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Thursday, as an unexpected increase in U.S. wholesale prices lowered expectations that the U.S. Federal Reserve would cut interest rates in September. The Canadian dollar settled at US$0.7243 or US$1=C$1.3806, which compares with Wednesday’s close of US$0.7264 or US$1=C$1.3767. Gains […] Read more






ICE Midday: Canola returns to the red

Glacier FarmMedia – Canola futures on the Intercontinental Exchange traded lower on Thursday, losing yesterday’s gains on account of weakness in vegetable oils. An analyst expects canola to take part in choppy trade over the coming days. However, he predicts canola prices will fall into the C$620 to C$630 per tonne range. Chicago soyoil and Malaysian […] Read more


Global Markets: Canola meal stuck in Chinese ports

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Up to 400,000 tonnes of canola meal are sitting in warehouses next to Chinese ports with importers struggling to re-sell them, sources told Reuters. An executive with one of the trading companies that imports canola meal said it […] Read more

ICE canola weakens with soyoil Thursday morning

Glacier FarmMedia — ICE canola futures were weaker Thursday morning, with spillover selling pressure from losses in Chicago soyoil behind some of the declines. European rapeseed and Malaysian palm oil were also lower on the day. Ongoing concerns over Chinese demand, as anti-dumping duties imposed by the country come into effect today, remained a bearish […] Read more